Share this entry
viatical settlement Syllabification: vi·at·i·cal set·tle·ment
Pronunciation: /vīˈatikəl/ /vē-/

Definition of viatical settlement in English:


An arrangement whereby a person with a terminal illness sells their life insurance policy to a third party for less than its mature value, in order to benefit from the proceeds while alive.
Example sentences
  • In a viatical settlement, a person with a terminal disease sells his or her life insurance policy at a discount from its face value in exchange for ready cash.
  • The tax treatment of a viatical settlement is markedly different.
  • While the ads for viatical settlement firms focused on impending death, those for drug companies focused on prolonging life - better living through science.


1990s: viatical from Latin viaticus 'relating to a journey or departing' + -al.

Definition of viatical settlement in:
Share this entry

What do you find interesting about this word or phrase?

Comments that don't adhere to our Community Guidelines may be moderated or removed.

Subscribe to remove adverts and access premium resources